Home
/
RELIGION & LIBERTY ONLINE
/
Good intentions and unsound economics
Good intentions and unsound economics
Jul 2, 2025 7:25 AM

This Sunday I went to Mass at a parish I’d never attended before. I was quite pleasantly surprised—the music wasn’t bad, the rubrics were followed, the homily focused on the gospel, they chanted the Agnus Dei, and prayed the prayer to St. Michael afterward; not apparently liberal and better than many typical “suburban rite” parishes. But, during the petitions, one of the prayers was for leaders of nations, that they would eradicate poverty. Here is a classic example of the right desire, poverty eradication, and the wrong way to go about it, government. It also betrays mon misunderstanding that governments solve poverty. Now, leaders of nations and governments do have a role in poverty reduction. They need to create rule of law and enforce contracts. They can help reduce regulation and tariffs and open their borders to free trade. But leaders of nations do not eradicate poverty, nor does aid from the developing world. What eradicates poverty is business. Entrepreneurs and businessmen who create jobs and opportunity and wealth. Michael Novak called small business “the strategic vocation for helping the poor.”

The desire for poverty alleviation through government involvement is a prime example of good bined with unsound economics. Many people have good intentions, but they don’t understand basic economics so they often support solutions without “thinking beyond stage one” as Thomas Sowell says. A prime example of this is the enormously popular One Campaign. Thousands of people are signing on to a good intention without knowing whether the proposed solution will bring about their desired e. Good intentions are a start, but they’re not enough and Bob Geldof is wrong when he says do something even if it doesn’t work.

If it doesn’t work—stop doing it. Activism shouldn’t be done for the sake of being active. This is the problem with too many Hollywood stars and other “professional” activists. Activism should have an end that is beyond itself, so if it doesn’t work, we should use our minds to apply reason to the situation e up with a plan that might. C.S Lewis said that “progress isn’t going forward if you’re going in the wrong direction.” You’ve got to stop and turn around. Acton Senior Fellow, Jay Richards argues that the Bob Geldof idea is reflective of many who believe that their actions or policies will be either good or neutral, but never harmful. But despite what they may believe that is not the case. Often things that don’t work exacerbate the problem. Hence the Acton Message, Don’t Just Care, Think.

We need to have good intentions, but this is only a beginning. If we are going to care about poverty and economic policies then we should begin by taking economics seriously. Some books I mend include Basic Economics and Applied Economics both by Thomas Sowell, and of course Economics in One Lesson by Henry Hazlitt. Bono is a force for good intentions, can you imagine all the good he could do if he connected his intentions to sound economics?

Comments
Welcome to mreligion comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
RELIGION & LIBERTY ONLINE
Al Gore launches network
Al Gore’s new Current TV network seeks to be “the television home page for the Internet generation,” the former vice-president said. With its debut today, Current TV seeks to be a more hip and cutting-edge form of presenting the news. “I think the reality of the network will speak for itself,” Gore told reporters. “It’s not intended to be partisan in any way and not intended to be ideological.” Sure thing Mr. Gore. Of course a network you are debuting...
Antiochian orthodox to quit NCC
The terminal politicization of the National Council of Churches has led a major Orthodox jurisdiction to throw in the towel. The Antiochian Orthodox Church, meeting for its bi-annual convention in Dearborn, Mich., has “voted overwhelmingly” to leave the ecumenical body led by Rev. Bob Edgar, a former Democrat congressman. The news has been posted on Touchstone Magazine’s Mere Comments blog, and was phoned in by a correspondent for Ancient Faith Radio who was on the scene in Dearborn. Metropolitan Philip...
Exchange on globalization and labor
From last week’s McLaughlin Group (July 30), an exchange between Pat Buchanan and Mort Zuckerman on the AFL-CIO split: MR. BUCHANAN: There’s no doubt it is a blow to the Democrats. And what Eleanor said is very important earlier. The future of the labor movement is in service workers and it’s government workers, John, because the industrial unions are dying. We are exporting all of their jobs overseas, whether it’s textile or steel or (atomic?) workers or auto workers. All...
Fruitful math
Here’s a view of procreation that doesn’t line up with the UN-sponsored “World Population Day”. In the midst of a discussion about a Jewish tradition mandating that each couple has at least one male and one female child, Bryan Caplan at EconLog writes, I’m on the record in favor of having more kids. I believe that, in most cases, both individuals and society would be better off if families had three or four. A lot of people have small families...
Oil prices: Up, up, and away
Crude oil prices have reach a record high $62 per barrel. Combined with Time Warner’s worse-than-expected recent earnings stocks dropped today as investors waited uneasily for the government’s latest petroleum inventory report. A barrel of light crude was quoted at $62.40, up 51 cents, on the New York Mercantile Exchange. Gasoline rose more than a cent to $1.7945 a gallon while heating oil gained a cent to $1.7350 a gallon. As American refineries operate at nearly 100% capacity, prices at...
Faith and works
The issue of the federal regulation of non-profit groups, including churches, has meshed with a number of other questions, including allegations of government discrimination against faith-based groups. Charles Colson, founder of Prison Fellowship Ministries, writes of an attack on funding for faith-based initiatives in the New York Times as “typical of what’s been happening in the press and in Congress. Year after year, a Senate minority blocks votes on faith-based legislation. They demand that ministries not ‘discriminate’ by hiring only...
Culture of litigation infects the Church
The current issue of Christianity Today magazine examines the lack of discipline in evangelical churches, and is presenting the themed articles in a series on its website. The litigious nature of American culture has e one of the great contributing factors to the decline of church discipline. A brief article by Ken Sande, an attorney who serves as president of Peacemaker Ministries, testifies to this reality. In “Keeping the Lawyers at Bay,” Sande writes that one way bat the tendency...
How to be a socially responsible investor
From : “Socially responsible investing is when you take your beliefs and values and apply them to how you invest your money. This is also known as having a ‘double bottom line,’ because not only are you looking for a profitable investment, but also one that meets certain moral criteria and that lets you sleep well at night. Your second bottom line could be moral, religious, or based on whatever Chicken Soup for the Soul principles help guide you through...
France urges actions against Iran
France’s foreign minister, Philippe Douste-Blazy, said that Iran’s move to resume its nuclear activities could spark a “major international crisis,” increasing the pressure on Tehran to return to the negotiating table or risk facing sanctions. France is urging European negotiators to propose a meeting of the International Atomic Energy Agency’s council of governors. “If the Iranians still do not accept what the council of governors propose, then the munity must turn to the Security Council” and “we will see what...
Dead man’s hand
On this date in 1876, Wild Bill Hickok was killed, shot dead from behind by Jack McCall while playing poker. He held a pair of aces & a pair of 8s, forever giving bination the nickname “Dead Man’s Hand.” Poker e a long way since then, ing a global multi-million dollar industry. There’s a good discussion over at World Magazine Blog, asking where parents should “draw the line,” given the rising popularity of poker among youth. This story from CBS’s...
Related Classification
Copyright 2023-2025 - www.mreligion.com All Rights Reserved